LF Miton US Opportunities Fund B Accumulation

US Equities

Rated Fund 2018-19. A flexible but focused fund

This fund was named the Best North America Fund in Money Observer’s 2017 and 2016 awards, having been highly commended in 2015.

Nick Ford and Hugh Grieves, its managers since launch in 2013, invest in a high-conviction portfolio of around 40 companies from the Russell 3000 index (98% of the investable US stockmarket). They seek companies with a competitive advantage in their products and services that have regular and growing cashflows and are more likely to deliver than businesses that are developing new products or relying on one-o_ events.

They are stockpickers, but keep an eye on macro trends and will avoid entire sectors if they think they are at risk of a setback. FundCalibre managing director Darius McDermott says: “The managers are completely style-agnostic and have extensive experience, having run small cap, large cap, value and growth mandates in the past.”

Although the US is coming off a period of growth and a slowdown is inevitable, the US Federal Reserve should be able to prolong growth by easing off from tightening monetary policy amid any signs of a slowdown, they say.

A change in investor sentiment about the velocity of interest rate rises should also support asset prices this year. At the end of 2018 the portfolio balanced the defensiveness of healthcare stocks with information technology, industrials and financials, which are more sensitive to the business cycle.

Narrative and ratings content all as of January 2019.

See all Money Observer rated funds
Name
LF Miton US Opportunities Fund B Accumulation
Manager
Link Fund Solutions Limited
Type
Open Ended Investment Company
ISIN
GB00B8278F56
Sector
North America
Launched
18/03/2013
OCF
0.97 %
Risk Rating
4
3 Year Sharpe
1.31
3 Year Alpha
-1.52
Yield
0 %
Benchmark
Not Benchmarked
The fund aims to achieve long-term total returns by investing primarily in a portfolio of North American equities.
Holding %
Keurig Dr Pepper Inc 3.11 %
PRA Health Sciences Inc 3.00 %
SS&C Technologies Holdings Inc 2.96 %
Universal Health Services Inc Class B 2.94 %
IQVIA Holdings Inc 2.90 %
Lowe's Companies Inc 2.87 %
WEX Inc 2.85 %
Union Pacific Corp 2.83 %
Worldpay Inc Class A 2.82 %
Fastenal Co 2.81 %
Region %
United States 97.00 %
Sector %
Industrials 23.29 %
Healthcare 17.97 %
Financial Services 16.47 %
Technology 16.14 %
Consumer Cyclical 9.13 %
Consumer Defensive 6.38 %
Energy 5.61 %
Utilities 5.01 %
Name
Link Fund Solutions Limited
Address
EC2V 7NQ, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Nick Ford
Joined 03/18/2013

Ford joined Gartmore as an investment manager in the US Equity Team in 1998. Prior to this he was a director of US Equities at Clerical Medical AM. 1995-1996 he was a US equities fund manager for a Unit Trust and staff pension fund at Sun Alliance AM. Previously Mr. Ford was a US Equities fund manager at Capel Cure Myers Capital Management. He began his career as a graduate trainee with Manufacturers Hanover Asset Management. After two years he moved to Shearson Lehman as an Investment Officer.

Hugh Grieves
Joined 03/18/2013

Hugh joined Miton Group plc in January 2013 having previously worked for Herald Investment where he was responsible for managing the Herald Worldwide Fund. From 2000-2008 he co-managed the technology funds at Societe Generale Asset Management Ltd with Alan Torry and sole managed the funds from 2008-2009. Prior to that he worked from 1995-2000 in the US smaller companies team at Gartmore, having graduated from Bristol in Economics. Hugh is a CFA charterholder.

Data provided by Morningstar.

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Morningstar. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.